The Dirty Little Secrets of the Canada Pension Plan | CPP vs. Old Age Security
03/27/23 • 32 min
1 Listener
On today’s episode, Darren and Christina are breaking down the Canada Pension Plan and Old Age Security. They go over the ins and outs of each fund and most importantly, let you in on a few dirty little secrets of the CPP. Tune in now!
Show notes:
00:00 - Introduction
1:55 - What can you get from CPP and OAS?
4:00 - Breaking down OAS (old age security)
11:15 - Breaking down Canada pension (cpp)
16:35 - Why is age 65 the most common age to take CPP?
22:05 - The dirty little secrets of CPP
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On today’s episode, Darren and Christina are breaking down the Canada Pension Plan and Old Age Security. They go over the ins and outs of each fund and most importantly, let you in on a few dirty little secrets of the CPP. Tune in now!
Show notes:
00:00 - Introduction
1:55 - What can you get from CPP and OAS?
4:00 - Breaking down OAS (old age security)
11:15 - Breaking down Canada pension (cpp)
16:35 - Why is age 65 the most common age to take CPP?
22:05 - The dirty little secrets of CPP
TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us
FIND US ON:
INSTAGRAM: https://www.instagram.com/controlandcompound/
TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en
Previous Episode
Universal Life Vs. Participating Whole Life: What YOU Should Be Using for Infinite Banking
On today’s episode, Darren and Christina break down the differences between universal life policies and participating whole life policies including the fees associated, tax differences, the volatility difference, and which one you should be using for an infinite banking policy. Tune in now!
Show notes:
00:00 - Introduction
3:05 - What is a Universal Life Policy
6:25 - Fees associated with Universal Life
10:30 - Volatility of a Universal Life Policy
13:40 - How many can you access from each policy?
17:15 - What are the tax advantages of each policy?
22:15 - Why is there confusion between the two policies?
24:15 - YRT vs. Level
29:50 - Summary of the policies
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INSTAGRAM: https://www.instagram.com/controlandcompound/
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Next Episode
2023 Canadian Federal Budget Breakdown: What YOU Need to Know
On today’s April update episode, Darren and Christina do an analysis of the 2023 Canadian federal budget including increases on tax rate, 1.18 trillion dollars in federal debt, but no changes to life insurance! They also chat about the updates to RESP as well as how the insurance companies that are compatible with infinite banking fared this past year in terms of revenue. Tune in now!
Show notes:
00:00 - Introduction
1:00 - Thank you to our listeners/viewers!
2:05 - Budget Analysis
5:00 - Government’s solution for housing crisis
8:35 - RESP Updates
11:55 - Alcohol tax increase gets lowered...Canadians let out sigh of relief
13:05 - Insurance companies update
14:05 - Inflation and interest rates update
16:30 - C&C episode update
TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us
FIND US ON:
INSTAGRAM: https://www.instagram.com/controlandcompound/
TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en
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